CLOQUET, Minn.–Two Minnesota credit unions have combined their operations. Members of the $18.6-million Floodwood Area CU have voted in favor of merging into the $91-million Northwoods Credit Union.
Fresh Today
NEW YORK—A new study reinforces why it is so important to have the CU’s cards top of wallet.
BASEL, Switzerland—The Basel Committee on Banking Supervision has released a report that outlines implications of fintechs on the banking industry.
WASHINGTON—House Speaker Paul Ryan (R-WI), a long-time credit union supporter, announced he is not seeking re-election and will retire from Congress after this year.
ARLINGTON, Va.—While total consumer credit rose 3.3% in February, its growth decelerated for the third consecutive month.
PURCHASE, N.Y.—Mastercard has announced that merchants in the U.S. and Canada can forego cardholder signatures for in-store credit and debit purchases, effective April 13. The announcement comes as the company also releases new research on consumer behavior around signatures in general.
DES MOINES, Iowa — During a 90-minute public hearing here on tax reform legislation before the Iowa legislature, representatives of banks and credit unions “skirmished over provisions that weren’t part of the proposal,” according to one report.
TRENTON, N.J.—New Jersey Attorney General Gurbir Grewal said that he and Governor Phil Murphy will “fill the void left by the Trump Administration’s pullback of the Consumer Financial Protection Bureau” by creating what he termed a “state-level CFPB.”
WASHINGTON–The Federal Financial Institutions Examination Council, of which NCUA is a member, has issued a joint statement to describe matters it said financial institutions should consider if they are determining whether to use cyber insurance as a component of their risk management programs.
ALEXANDRIA, Va. – Credit unions with questions about complying with customer due diligence requirements in the Bank Secrecy Act can get valuable information during a webinar hosted by NCUA’s Office of Credit Union Resources and Expansion (CURE) on April 25.